Overview
Shared Investment for Shared Benefit (SISB) models are decision-making tools to identify initiatives that require a shared approach among partners, and quantify the required investment and benefits for those partners. Shared Investment for Shared Benefit can mean much more than putting dollars into infrastructure; for example, sharing data or expertise for shared regional benefit.
Why are we creating an SISB model for the Region?
As a Region, we know we’re stronger when we work together. The Edmonton Metropolitan Region Growth Plan identified a need to prioritize and collaborate on regional investments to support shared growth. The creation of an SISB model recognizes that, as one Region, we’re greater than the sum of our parts, and that our common challenges can be solved by shared investments and solutions.
How will an SISB model benefit the Region?
Developing an SISB model will create a truly regional framework reflecting the unique capabilities and shared strengths of regional municipalities. SISB will help the Region identify opportunities and share limited resources for programs, services or infrastructure that will benefit the whole Region, that would otherwise be beyond the reach of one municipality alone.
SISB will offer a transformational approach to regional cooperation with potential to create measurable cost savings, process efficiencies, leverage economies of scale, and provide value to regional citizens.